Britain’s economic productivity decline is the worst in 250 years
  • WORLD

  • 10:47 04 February 2020

Britain’s economic productivity decline is the worst in 250 years

The U.K.’s worst productivity slump in a quarter of a millennium may be caused by a “perfect storm” of three factors, according to a study to be published this week, ONA reports citing Bloomberg.

Productivity was almost 20% below its pre-2008 path in 2018 -- the worst slowdown since 1760-1800, as the Industrial Revolution took hold. The present-day malaise may have been caused by the end of the information and communications technology boom, the financial crisis, and Brexit.

ONA

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